They are making a bigger one:
Construction of the Changxing Shipbuilding Base on Shanghai's Changxing Island, which is expected to eventually become the world's largest shipyard, has begun. This is a major step forward in China's pursuit to become the world's leading ship builder. In the first phase of the US$3.6 billion project, the Jiangnan Shipyard Corp, a subsidiary of China State Shipbuilding Corporation (CSSC) is moving to Changxing Island. It is expected that the Jiangnan Shipyard will expand its capacity from the current 800,000 deadweight tons a year to 4.5 million by 2020.